States Served
Top Industries Financed
- Full-Service Restaurants
- Offices of Certified Public Accountants
- Plumbing, Heating, and Air-Conditioning Contractors
- Dance Companies
- Landscaping Services
Quick Summary
Prime Security Bank is an SBA-approved lender headquartered in KARLSTAD, Minnesota. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 14 SBA 7(a) loans totaling $3.0M, with an average loan size of $215K. They serve businesses across 2 states.
About Prime Security Bank
Prime Security Bank is an SBA-approved lender headquartered in KARLSTAD, Minnesota. Since 2020, they have approved 14 SBA 7(a) loans totaling $3.0M, with an average loan size of $215K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
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Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Prime Security Bank an SBA Preferred Lender?
Yes, Prime Security Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Prime Security Bank approved?
According to SBA FOIA public records, Prime Security Bank has approved 14 SBA 7(a) loans totaling $3.0M since 2020. Their average loan size is $215K.
What states does Prime Security Bank serve?
Prime Security Bank serves businesses in 2 states: Minnesota, South Dakota.
How do I apply for an SBA loan with Prime Security Bank?
To apply for an SBA 7(a) loan with Prime Security Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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